The flood of Americans seeking unemployment benefits after losing their jobs in the coronavirus pandemic is slowing, but another several million Americans probably filed jobless claims to bump to total to almost 30 million in the latest week.
Initial jobless claims likely rose about 3.5 million in the week running from April 19 to April 25, according to economists polled by MarketWatch. That would be half as many as during the pandemic peak, but still shockingly high. Just a few months ago, claims were running in the low 200,000s and stood at a 50-year low. The Labor Department is due to publish the latest data on Thursday. MW